Ex-Dividend Date Insight: GAMCO Global Gold Natural

On November 13, 2020, GAMCO Global Gold Natural GGN declared a dividend payable on March 24, 2021 to its shareholders. GAMCO Global Gold Natural also announced that shareholders on the company's books on or before March 17, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for GAMCO Global Gold Natural is set for March 16, 2021. The company's current dividend payout sits at $0.03, equating to a dividend yield of 10.53% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

GAMCO Global Gold Natural's Dividend Payouts And Yields

Over the past year, GAMCO Global Gold Natural has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 12, 2020 the company's payout was $0.03, which has returned to its value today. GAMCO Global Gold Natural's dividend yield last year was 10.03%, which has since grown by 0.5%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more about GAMCO Global Gold Natural click here.

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